Tag: extreme poverty
The African Development Bank says an additional 49 million Africans could be pushed into extreme poverty by the Covid-19 pandemic and its aftermath. This was in the updated forecast of the Africa Economic Outlook, where they expect Central Africa and West Africa to be the hardest-hit regions. Kayode Akindele, Partner at TIA Capital joins CNBC Africa for more.
Representing poverty as a kind of well-defined objective condition, like an infectious disease, focuses attention on the symptoms and immediate consequences of poverty. It risks diverting attention away from the underlying structural causes and diverse experiences of the poor.
Rwanda’s poverty rate reduced to 38.2 per cent in 2017 from 39.1 per cent in 2014 while extreme poverty reduced marginally from 16.3 per cent to 16 per cent according to the latest integrated household living conditions survey. Dr. Uzziel Ndagijimana, Minister of Finance and Economic Planning explain why there has not been significant progress.